1. Abbott Capital: A Leading Private Equity Firm
Tiburon Research
April 16, 2019

2. Abbott Capital Comments Founded in 1986 Based in New York, NY
Web site:
Source: 4/16/19 Abbott Capital Web Site; 3/30/00 Sovereign Conversation (Ratliff); 3/28/00 Sovereign (Ratliff); Tiburon Research & Analysis

3. Abbott Capital History
Abbott Capital was Founded in 1986 and Has Subsequently Evolved Through their Early, Middle, & Recent Phases
Abbott Capital
History
Abbott Capital
Founded
Abbott Capital Today
Early
Phase
Middle
Phase
Recent
Phase
Approximate Dates:
1986
2019
Key Steps:
1986: Abbott Capital as founded
XXXX: --
1995: Closed Fund I
1997: Closed Fund II
XXXX: --
Source: 4/16/19 Abbott Capital Web Site; 3/30/00 Sovereign Conversation (Ratliff); 3/28/00 Sovereign (Ratliff); Tiburon Research & Analysis

4. Abbott Capital is Not a Frequent Advertiser
Comments --
Source: Tiburon Research & Analysis 3

5. Abbott Capital is Not a Frequent Acquirer
Comments --
Source: Tiburon Research & Analysis 4

6. Abbott Capital Has a Charitable Giving Program
Comments --
Source: Tiburon Research & Analysis 5

7. Abbott Capital Has Two Businesses, Including Funds-of-Funds--
Source: 3/30/00 Sovereign Conversation (Ratliff); 3/28/00 Sovereign (Ratliff); Tiburon Research & Analysis

8. Abbott Capital’s First Business is Funds-of-Funds
Comments --
Source: 3/30/00 Sovereign Conversation (Ratliff); 3/28/00 Sovereign (Ratliff); Tiburon Research & Analysis 7 7

9. Funds-of-Funds Business Funds
Abbot Capital’s Funds-of-Funds Business Has Many Funds-of-Funds, Including Abbot Capital Private Equity Funds I, II, and III
Funds-of-Funds Business
Funds
Abbott Capital Private Equity Fund I
Abbott Capital Private Equity Fund II
Abbott Capital Private Equity Fund III
Closed in 1995
23.8% internal rate of return
Closed in 1997
28.2% internal rate of return
$150 million target
Diversified over 20 buyout, venture capital, special situation funds and some direct investments
More focused on buyout than venture capital funds
$5 million minimum investment
Fees
1% for commitments up to $5 million
0.9% for $5 million to $10 million
0.7% for over $10 million to $20 million
0.5% thereafter with a 10% decline after 8 years
Source: 3/30/00 Sovereign Conversation (Ratliff); 3/28/00 Sovereign (Ratliff); Tiburon Research & Analysis

10. Abbott Capital’s Second Business is…
Comments --
Source: Tiburon Research & Analysis 9 9

11. Abbott Capital is Led by its President Jonathan Roth
Organizational Chart
Jonathan Roth
President --
Source: 4/16/19 Abbott Capital Web Site; Tiburon Research & Analysis

12. Abbott Capital Has a Board of Directors Led by its Chairman…-- -- -- -- -- -- -- -- -- --
Source: Tiburon Research & Analysis

13. Abbott Capital is Privately Owned
Comments --
Source: Tiburon Research & Analysis

14. Tiburon Strategic Advisors
Comments
Focus on corporate-level strategy
Serve senior executives only at financial services companies
Key services: market seminars, market research, & strategy consulting
Served over 450 corporate clients and completed over 2,200 projects since 1998
Host semi-annual CEO Summits, offer free weekly research releases, and offer free business benchmarking tools for all types of advisors
Chip Roame background
McKinsey & Company
Charles Schwab & Company
Tiburon since 1998
Source: Tiburon Research & Analysis